Appraising the Technological Situation
By Michael Dresden, President, Dart Appraisal
This article originally appeared in Scotsman Guide,
The regulatory environment for financial services has only
served to step up the pressure in the
timesensitive, complex and competitive industry of residential
Timelines are becoming increasingly compressed for everyone
in the business, including lenders' appraisal-management
company (AMC) and appraiser partners. As the case review
and auditing requirements grow immensely in the legislative
and regulatory communities, the investment marketplace
and consumers all scrutinize appraisers' work.
Fortunately, the best processing and
communications technologies can expedite nearly every
stage of the appraisal process, from uploads to customization
and quality control. Advanced technologies can also help
AMCs select the most qualified appraiser for
any assignment. As a result, AMCs that embrace best
practices can be good and be fast.
Choosing an AMC with strong leadership, excellent staff
communications, responsiveness and the right technology in
place can further speed the loan-origination process. As a
result, the best AMCs serve as a valuable professional buffer and
help improve the loan-origination process.
the full article here.